VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2010) - Orient Venture Capital II Inc. (TSX VENTURE:OVV.P) (the "Company") announced that it has received conditional acceptance from the TSX Venture Exchange (the "Exchange") of its proposed qualifying transaction (the "Qualifying Transaction") to become an investment issuer.

A final Filing Statement required by the Exchange regarding the Qualifying Transaction will be filed and be available for viewing under the Company's profile on SEDAR at www.sedar.com shortly.

The Company also advises that it will endeavor to close the Qualifying Transaction as soon as all conditions required by the Exchange are met. The completion of the Qualifying Transaction is still subject to certain conditions, including final approval of the Exchange and the completion of the concurrent financing.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.